NBE to issue mobile money directive soon

The National Bank of Ethiopia (NBE),the regulatory body of the financial institutions, says it will issue a new directive in the coming weeks, for the functioning of mobile banking.

This comes after the Ethiopian government approved the use of mobile money in the country, paving the way for banks and financial institutions to extend their service offerings.

Last year, internet banking behgan seeing uptake in Ethiopia, with the Commercial Bank of Ethiopia launching internet banking services. 

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